Hive: A Great Medium For Setting & Achieving Your Financial Goal

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Few weeks ago I wrote a post about how I needed a loan to invest in some NFT and I wished I had a way of investing without touching my NFT, well read A Self Repaying Loan Could Really Help Me Right Now. I am happy to say that more than 25% of the loan I collected from my Hive account has been paid back, all thanks to crypto and the Hive blockchain. Before taking this loan I was scared, mostly because I didn’t want to fail, but the distance between us and what we want to achieve is fear. Lol, here I am talking like all those motivational speakers. Hive is a great medium to achieving all these because, I was able to take a loan, to invest on the investment and used my author rewards to pay back.

The loan I took was $470 which is part of the money I have been saving on the HBD savings to help sort to an issue by the month May, so I needed my HBD savings to be $1,000 in savings by May, but I also needed to invest, hence the reason I did some Hive power down of some of my Hive power. Just incase, so I dont get stranded in may, this idea became possible and achievable because of the Hive blockchain, here I can make active income by creating post and earning from my author reward and also make passive income by curating other post or delegating my HP to curators to earn curator rewards. Then while also doing that, the investment I used my loan to invest is also helping pay back the loan. So my 4 months pay back plan could be reduced to 2 months. This means that after two months I can finally start reaping from where I sowed.

I get the chance of making money on Hive, get the chance of using my interest outside Hive to pay back the loan and also get the chance of saving in the HBD savings and earn 20 APR, isn’t that a great medium of setting and achieving your your financial goal? As long as you have vision, goals and plans on what you want to do, usi9ng available resources at your disposal is the best way to actualise that goal. Thank you Hive and thank you to the community.